While Lean principles have been known and applied in a variety of manufacturing processes, the applications in product development have been slower to come. Several companies have also applied Lean to ...

Releasing a new product is not a task to take lightly. If the product does not sell as planned, it is a wasted investment in advertising, inventory costs and manufacturing. To avoid this scenario, it ...

Product development may be understood generically as all the things that happen from the initial conception or invention of a product to the point when a product is launched into the market. It can ...

Yesterday’s product development lifecycle relied on documents, estimates, handoffs, and releases paced by meetings. Today a ...

The Fast Company Executive Board is a private, fee-based network of influential leaders, experts, executives, and entrepreneurs who share their insights with our audience. BY Kevin Bailey Artificial ...

The challenges of product development may never disappear, but with AI as a core part of the process, I believe the sky is ...

Integrating your major suppliers into the new product development process can shorten development times and reduce risk. A strategy to perform such an integration effectively has to ensure suppliers ...

At least half of all product launches fail to live up to companies’ expectations. For every four projects that enter development, only one makes it to market, according to a recent study at Georgetown ...

Expertise from Forbes Councils members, operated under license. Opinions expressed are those of the author. The sudden emergence of ChatGPT in 2022 kicked off a race to create new products powered by ...

Opinions expressed by Entrepreneur contributors are their own. According to Statista, around 74% of businesses outsource IT services, and 87% have stated their desire to maintain or increase their IT ...